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<p>[QUOTE="Clawcoins, post: 3247757, member: 77814"]So is the question how "spot price" is determined as it's not supported by (a) a fixed % manufacturing profit and (b) a fixed mining/refinement cost ?</p><p><br /></p><p>If we water it down some more we could think that</p><p>(a) silver and gold are mined in similar ways, thus the fixed cost of mining should be the same, thus</p><p>(b) gold is woefully over priced and should be the same price as iron or any other mined metal.</p><p><br /></p><p>that's if I understand the above argument correctly ???</p><p>lol[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3247757, member: 77814"]So is the question how "spot price" is determined as it's not supported by (a) a fixed % manufacturing profit and (b) a fixed mining/refinement cost ? If we water it down some more we could think that (a) silver and gold are mined in similar ways, thus the fixed cost of mining should be the same, thus (b) gold is woefully over priced and should be the same price as iron or any other mined metal. that's if I understand the above argument correctly ??? lol[/QUOTE]
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